Fees To Landlords
At SP Sales & Lettings we pride ourselves in offering our clients a stress free alternative to the potential minefield that is the property rental market. We can provide either a part or full management package to suit your particular needs, both offering the security you would expect for your investment. We concentrate on not only letting your property in a timely manner and for the best price, but also finding you the best tenants available.
We are a member of the Guild of Property professionals and the Property Redress Scheme. PRS members are governed by a strict Code of Practice which means that we offer:
• Client Money Protection
• Professional Indemnity Insurance
• Up-to-date advice and guidance
Introduction Only Service
£500 + VAT
Includes:
• Property appraisal and marketing advice
• Advice on refurbishment
• Marketing the property and advertising on relevant portals
• Erecting a board outside of the property
• Accompanying all viewings at the property
• Finding a suitable tenant
• Referencing all tenants
• Organising a gas safety inspection and certificate
• Organising an Energy Performance Certificate (EPC)
• Preparing the Assured Shorthold Tenancy agreement
• Organising an Inventory and Schedule of Condition
• Collecting the first month’s rent plus the deposit
Fully Managed Service
Our fully managed service offers a comprehensive package with an extensive range of inclusive benefits at no additional cost. We want our management fees to be competitive, clear and fair which is why unlike many of our competitors we do not charge for additional add-ons.
£400 + VAT Set up Fee along with a monthly charge of 12% inc VAT
Includes:
• Property appraisal and marketing advice
• Advice on refurbishment
• Marketing the property and advertising on relevant portals
• Erecting a board outside of the property
• Accompanying all viewings at the property
• Finding a suitable tenant
• Referencing all tenants
• Organising a gas safety inspection and certificate
• Organising an Energy Performance Certificate (EPC)
• Preparing the Assured Shorthold Tenancy agreement
• Organising an Inventory and Schedule of Condition
• Collection of the first month’s rent plus the deposit
• Registration of the tenants deposit with the Deposit Protection Service
• Monthly collection of rent
• Monthly statements sent via email or post
• Arranging any repairs and maintenance
• Obtaining quotes for required works
• Regular inspections and emailed reports
• Tenancy extensions
• Preparing and delivering required notices
• Arranging and conducting a check out inspection
• Organising deposit returns and/or dealing with any deposit disputes via the Alternative Dispute Resolution
• Updating existing inventories ready for the next tenant
Additional fees :
New tenancy agreement only £150+ VAT
Issuing legal documentation for unmanaged properties £120 including Vat
Check out service for unmanaged properties £120 including Vat
Inventories, EPC, electrical and gas safety tests : Costs depending upon Contractor.
Fees To Tenants
Following the viewing of a property with a member of SP Sales & Lettings, the applicant is required to pay a non-refundable holding fee (equivalent to one weeks rent) which will act as the holding payment to secure the property. This non-refundable payment is subject to the applicant proving they have a Right to Rent in the UK, the landlord agreeing to the let and all the applicants references being satisfactory. SP Sales & Lettings will continue to conduct viewings and accept offers on a property until the holding fee is paid. When cleared funds are received, we will mark the property as ‘let agreed’ and remove it from the market. The holding fee will then be deducted from the total due before moving into the property.
Holding fee: equivalent to 1 weeks’ rent
Tenancy deposit: equivalent to 5 weeks’ rent
First months’ rent: Payable on date of key collection
Fees to change the tenancy – where requested £50.
